Liberty SIPP

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Best Advice – why choose Liberty?

I was recently asked by an IFA who wished to transfer some of his clients to Liberty SIPP to put down reasons to give to them as to why they should move.

So here goes:

• Complete flexibility of choice for investments
• No ties to any product provider
• Do not take a cut of the interest earned on cash deposits in trustee bank account
• With RBS all clients get .25% above the Bank of England base rate no matter what their level of funds
• Flexibility if clients want to move monies into other bank accounts to take advantage of long term interest rate deals
• Do not charge for accepting and processing pension contributions
• Do not charge for individual investments / trades within investment bonds or stockbroker accounts held with a nominee
• Do not charge for setting up tax reclaim with HMRC
• Do not charge for setting up and administering income drawdown or for subsequent reviews held at the 5 yearly interval
• Provide technical advice on structuring individual pension investments to ensure meet HMRC approval
• Are one of a small number of SIPP providers who will accept in-specie contributions of assets
• Understand the procedures to allow clients to use SIPP funds to invest in shares in unquoted companies
• Liberty only get fees for administering the pension scheme, will not seek or accept any commissions from product providers – any rebates or discounts are passed onto the individual client involved
• Have a clear pricing structure and clients only pay for the level of administration that they use
• Part of the Zeus Group which provides Liberty with financial and long term stability and gives reassurance to clients
• Provide each client with an individual administrator to deal with all aspects of their SIPP – the client or their advisor will not be passed around faceless departments
• Have 24 hour online banking access (read only) for clients and their advisors
• Administrators, on instruction of members and their advisors, can facilitate CHAPS and BACS payments to speed up investment turnaround
• Can accept Protected Rights funds now rather than having to wait for 1st October liberalisation by DWP

John Fox

Jul 17, 2008